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Legal fee reporting to a C corporation

December 13, 2021
December 13, 2021

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Q. I have a vendor we have paid that is an LLP and the W-9 is marked as a C-Corp and therefore our vendor is not setup as 1099 reportable. The payment was for 'legal fees'. Does this need to be 1099 reportable? What questions do I need to ask the business to determine if and where this is reportable? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S,…

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